IRVINE, Calif., Nov. 12, 2015 /PRNewswire/ -- Ascendiant Capital Markets, LLC (www.ascendiant.com) announced today the majority sale of its client, ImportLA, Inc. of Baldwin Park, California, to Bunker Hill Capital (BHC), headquartered in Boston, Massachusetts. ImportLA is a leading designer, manufacturer, distributor, and marketer of furniture, equipment, and supplies serving the tattoo, pet grooming, and spa/salon markets. BHC is a private equity firm that makes control investments in lower middle market companies with typical enterprise values ranging between $30 million and $120 million. The principals of BHC have invested over $570 million in 36 transactions and target opportunities across four industry sectors including industrial products, business services, consumer products, and specialty retail.
Ascendiant Managing Directors, Avi Suriel and Chris Gayde, led the transaction on behalf of Ascendiant and its client, ImportLA. Mr. Suriel and Dr. Gayde have a combined thirty years of experience in corporate finance and M&A, including Mr. Suriel's tenure with leading Wall Street firms while in New York.
Michael Chen, Chief Executive Officer and Co-Founder of ImportLA, commented on the transaction, "Avi and Chris worked tirelessly to accomplish this important step in our Company's growth and development. The Ascendiant team did an exceptional job guiding my fellow co-founders and me through this process, while finding an ideal financial partner that will be constructive for the Company strategically, as well. I'm excited about ImportLA's future with BHC, and look forward to working with Ascendiant's senior bankers on future projects."
Ascendiant Capital Markets, LLC, based in Irvine, California, is a full-service investment banking, equity research, market making, and securities trading firm focused on public and private companies, and strategic and institutional investors. During their careers, Ascendiant's Managing Directors have successfully completed more than 250 corporate finance transactions, and mergers and acquisitions across a broad range of industries. Ascendiant Capital Markets is registered with the United States Securities and Exchange Commission (SEC) as a broker-dealer, and is a member of the FINRA and SIPC.
For more information, please visit www.ascendiant.com or contact Avi Suriel, Managing Director, at 949.259.4915 or [email protected]; Dr. Chris Gayde, Managing Director, at 949.259.4918 or [email protected]; or Bradley J. Wilhite, Managing Partner, at 949.259.4949 or [email protected].
This announcement is for informational purposes only and does not constitute a solicitation or offer to buy or sell any securities or other financial instrument or to provide any investment advice or service.
SOURCE Ascendiant Capital Markets, LLC